North Las Vegas, NV 89031 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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North Las Vegas, NV—89031

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$413,000

1.9% YoY Growth

Household Income

$85,800

33.5% YoY Growth

Days on Market

43

1.0% Longer YoY

Home Price Forecast

-0.3%

Median Rent

$2,070

0.5% YoY Growth

1-Bed Rent

$827

36.5% YoY Growth

2-Bed Rent

$1,600

6.3% YoY Growth

3-Bed Rent

$2,000

1.0% YoY Growth

Other Zip Codes in North Las Vegas, NV

89085 89032 89084 89030 89086 89081

Home Price Trends — North Las Vegas, NV

As of May '26, the median home price in North Las Vegas, NV is $413,000, with a year-over-year change of -1.9%. This indicates that home prices in North Las Vegas, NV are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$413,000	-1.9%
Single Family	$415,000	-1.9%
Condos	$265,000	-5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Las Vegas, NV

As of July '25, Rentcast reports the average rent in North Las Vegas, NV is $2,110, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in North Las Vegas, NV is 1-bedrooms: $1,160, 2-bedrooms: $1,640, 3-bedrooms: $2,050, 4-bedrooms: $2,320. The most common rental property sizes in North Las Vegas, NV are 3-bedroom and 4-bedroom, accounting for 57.2% and 20.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,070	$2,110
Studio Rent	N/A	N/A
1 Bed Rent	$827	$1,160
2 Bed Rent	$1,600	$1,640
3 Bed Rent	$2,000	$2,050
4 Bed Rent	$2,280	$2,320

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% of Rental Stock

Studio

0.3%

1 Bedroom

2.6%

2 Bedrooms

16.5%

3 Bedrooms

57.2%

4 Bedrooms

20.1%

5+ Bedrooms

3.4%

Property Listings — North Las Vegas, NV

As of May '26, Realtor.com reports that the median days on market for a home in North Las Vegas, NV is 43. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$440,000	1.0%
Listing Count	278	1.0%
Listings as % of Homes	1.1%	1.0%
Days on Market	43	1.0%

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Demographics — North Las Vegas, NV

As of the latest ACS Survey released in 2023, North Las Vegas, NV has a population of 75,100, which has increased by 10.1% over the past 5 years. North Las Vegas, NV is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	75,100	10.1%
% Under 18	25.1%	-11.9%
% Seniors	13.7%	28.0%
% WFH	7.6%	171.4%
% w/ College Degree	19.5%	4.3%

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As of the latest ACS Survey released in 2023, North Las Vegas, NV is a predominantly hispanic area, with 33.2% of the population identifying as hispanic. The hispanic population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in North Las Vegas, NV is white, making up 29.3% of the population. Foreign-born residents account for 17.7% of the population in North Las Vegas, NV, and this percentage has increased by 5.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	29.3%	-13.6%
% Black	21.0%	16.0%
% Hispanic	33.2%	-8.0%
% Asian	7.9%	25.4%
% Foreign Born	17.7%	5.4%

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Mortgage and Risk — North Las Vegas, NV

According to HUD data as of 2023, there were 116 mortgage originations in North Las Vegas, NV, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in North Las Vegas, NV. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	116
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — North Las Vegas, NV

As of 2024, the percent of homes in North Las Vegas, NV under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Las Vegas, NV, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	513
Total Units Section 8	513
% Rentals under Section 8	8.7%
% Occupied Section 8	98.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$653	$827	$1,480
2 Bedroom	$160	$1,600	$1,760
3 Bedroom	$470	$2,000	$2,470
4 Bedroom	$580	$2,280	$2,860